New Developments in Long-Term Asset Management
Organized by Luis M. Viceira and Annette Vissing-Jorgensen
Supported by Norges Bank Investment Management
April 13, 2024
Gleacher Center, Room 600, 450 North Cityfront Plaza Drive, Chicago, IL, Zoom
Saturday, April 13
Continental Breakfast
8:00 am

Can US Treasury Markets Add and Subtract?

Roberto Gomez Cram, New York University
Howard Kung, London Business School
Hanno Lustig, Stanford University and NBER

Discussant:
Quentin Vandeweyer, University of Chicago
8:50 am

International Portfolio Frictions

Wenxin Du, Harvard University and NBER
Alessandro Fontana, European Insurance and Occupational Pension Authority
Petr Jakubik, International Monetary Fund
Ralph S. J. Koijen, University of Chicago and NBER
Hyun Song Shin, Bank for International Settlements

Discussant:
Antonio Coppola, Stanford University
Break
10:10 am

Interest-rate Risk and Household Portfolios (slides)

Sylvain Catherine, University of Pennsylvania
Max Miller, Harvard University
James Paron, University of Pennsylvania
Natasha Sarin, Yale University

Discussant:
Daniel Greenwald, New York University and NBER
11:00 am
Keynote Speaker: Steven N. Kaplan, University of Chicago and NBER
Private Equity: Past, Present and Future (slides)
Lunch - Room 621
1:00 pm

Why is Asset Demand Inelastic? (slides)

Carter K. Davis, The Ohio State University
Mahyar Kargar, University of Illinois Urbana-Champaign
Jiacui Li, University of Utah

Discussant:
Valentin Haddad, University of California, Los Angeles and NBER
1:50 pm

Passive Demand and Active Supply: Evidence from Maturity-mandated Corporate Bond Funds

Lorenzo Bretscher, University of Lausanne
Lukas Schmid, University of Southern California
Tiange Ye, University of Southern California

Discussant:
Anna Pavlova, London Business School
Break
3:00 pm

Steering a Ship in Illiquid Waters: Active Management of Passive Funds

Naz Koont, Stanford University
Yiming Ma, Columbia University and NBER
Lubos Pastor, University of Chicago and NBER
Yao Zeng, University of Pennsylvania and NBER

Discussant:
Marco C. Sammon, Harvard University
Adjourn